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j2 Global, Inc. (NASDAQGS:JCOM) today announced preliminary financial results for the second fiscal quarter ended June 30, 2012 and the date for its Q2 2012 earnings call.
Preliminary Q2 Results
Q2 2012 Revenues are expected to be between $88.8 million and $89.5 million compared to $85.7 million for Q2 2011.
Q2 2012 Earnings per Share are expected to be between $0.66 and $0.68 compared to $0.61 for Q2 2011, an anticipated 8.2% to 11.5% increase. Non-GAAP Earnings per Share are expected to be between $0.68 and $0.71 compared to $0.65 in Q2 2011, an anticipated 4.6% to 9.2% increase. See the attached reconciliation of Non-GAAP Earnings per Share to Earnings per Share.
The Company ended the quarter with more than $206 million in cash and investments after deploying approximately $10 million for the Company’s regular quarterly dividend, and approximately $20 million in repurchasing the Company’s common stock.
"I am pleased that our preliminary results for Q2 indicate that we achieved record quarterly revenues and earnings per share," said Hemi Zucker, j2 Global's chief executive officer.
Q2 Earnings Call
j2 Global will host its Q2 2012 earnings call on Wednesday, August 1, 2012 at 5 pm Eastern Time. Hemi Zucker, chief executive officer, Scott Turicchi, president, and Kathy Griggs, chief financial officer, will host the call. Materials presented during the call will be posted on the Company's Web site at
http://www.j2global.com at least thirty minutes prior to the call and filed with the Securities and Exchange Commission pursuant to Regulation FD.
Questions for the conference call will be taken via e-mail at
firstname.lastname@example.org and may be sent any time prior to or during the Webcast. If you are unable to participate during the live Webcast, the conference call and presentation materials will be archived at
About j2 GlobalFounded in 1995, j2 Global, Inc. provides cloud services to individuals and businesses around the world. j2 Global's network spans 49 countries on six continents. The Company offers Internet fax, voice and email solutions. j2 Global markets its services principally under the brand names eFax®, Onebox®, eVoice®, FuseMail®, Campaigner®, KeepItSafe® and CampaignerCRM™. As of December 31, 2011, j2 Global had achieved 16 consecutive fiscal years of revenue growth. For more information about j2 Global, please visit
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995: Certain statements in this Press Release are "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995, particularly those regarding the Company's expected second quarter 2012 financial results. These forward-looking statements are based on management's current expectations or beliefs and are subject to numerous assumptions, risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Among other things, management has prepared the estimated revenues and earnings per share information above in good faith based upon j2’s internal reporting for the fiscal quarter ended June 30, 2012. Such information has not yet been subject to j2’s normal quarterly financial closing processes and its independent registered public accounting firm has not commenced its review of these results. Therefore, the final results for the full fiscal quarter ended June 30, 2012 may be materially different. For a more detailed description of the risk factors and uncertainties affecting j2 Global, refer to the 2011 Annual Report on Form 10-K filed by j2 Global on February 28, 2012, and the other reports filed by j2 Global from time-to-time with the Securities and Exchange Commission, each of which is available at
www.sec.gov. The forward-looking statements provided in this press release and particularly those regarding the Company's expected second quarter 2012 financial results are based on limited information available to the Company at this time, which is subject to change. Although management's expectations may change after the date of this press release, the Company undertakes no obligation to revise or update these statements.
RECONCILIATION OF ESTIMATED NON-GAAP EARNINGS PER SHARE TO ESTIMATED EARNINGS PER SHARE
We disclose Non-GAAP Earnings per Share as a supplemental non-GAAP financial measure to enhance the public’s, analysts’, investors’ and our own understanding of, and highlight trends in, our Earnings per Share excluding the impact of share-based compensation and related taxes and items, if any, that we believe are not representative of our core operations.